Is Bloom Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bloom Township has remained a Seller's Market.
Housing Prices in Bloom Township, IL
How much do homes in Bloom Township, IL cost?
Median Sold Price
$195,329
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloom Township was $195,329 in April 2024, up 5.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.5K | $70K | +35.9% |
2 Bedrooms | $125K | $130K | +4.0% |
3 Bedrooms | $179.9K | $190K | +5.6% |
4 Bedrooms | $244K | $250K | +2.5% |
5+ Bedrooms | $235K | $260K | +10.6% |
Summary: Bloom Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Glenwood | $176.5K | $200.5K | +13.6% |
Chicago Heights | $171.9K | $185.3K | +7.8% |
Bloom Township | $184.9K | $195.3K | +5.6% |
South Chicago Heights | $165K | $149.9K | -9.2% |
Housing Supply in Bloom Township, IL
How many homes are available in Bloom Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
358 | 373 | +4.2% |
Summary: The Bloom Township real estate market had 373 homes for sale in April 2024, a 4.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 32 | 41 | +28.1% |
3 Bedrooms | 200 | 207 | +3.5% |
4 Bedrooms | 87 | 90 | +3.4% |
5+ Bedrooms | 33 | 30 | -9.1% |
Summary: The Bloom Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 100 | +20.5% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Bloom Township in April 2024, up by 20.5% month-over-month. Of the 100 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Bloom Township, IL
How long does it take to sell a home in Bloom Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 48 Days | +7.3% |
Summary: Homes in Bloom Township had an average of 48 days on market in Apr 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 100 homes were sold in Bloom Township; 65% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.